Construction-in-progress accounting is used to track the progress of projects still in construction. It's one of the most important categories in construction management and is critical to a firm's ...

Discover how "work in process" and "work in progress" differ in manufacturing, and their effects on accounting and financial ...

Most businesses record sales at the point of a product or service's delivery, but construction contractors dealing with long-term construction projects may recognize portions of a project's revenue ...

Overall, the value of construction-in-progress for ENR’s Top 425 Owners rose 9.3% to $595.84 billion from 2023 to 2024. Part of that rise could be attributed to more moderately sized projects coming ...

This guideline provides guidance for capitalization, depreciation/amortization and construction in progress of capital assets purchased, constructed or developed ...

Delays on construction projects can cost thousands of dollars per day, yet the way teams track site progress often lags the pace at which decisions need to be made. Even $100M-plus builds still rely ...